Homework: Chapter 11 Homework Question 9 Problem 11.2 HW Score 9.30%, 14 of 15 points Part 1 of 2 O Points: 0 of 1 Save Hau Lee Future, Inc. spends 45% of its sales dollar in the wooly chain and finds its current profit of $30.000 inadequate. The bank is ning on an improved profit picture prior to approval of a loans for some now equipment. Hou would like to improve the profit in to $35.000 so he can obtain the bank's approval for the loan Current Situation Sales $100,000 Cost of material $45,000 (45%) Production costs $15.000 (153) Fixed cost $10.000 (10%) Pront $30,000 (30%) a) What percentage Improvement is needed in the supply chain strategy for profit to improve to $35,000? What is the cost of material with a $35,000 prome? A decrease of in material (supply chain) costs is required to yield a profit of $35,000, for a new material cost of $Enter your response for the percentage decrease to che decimal place and enter you response for the new material cost as a whole number)